India’s Electronics Exports Soar to USD 40 Billion: Vaishnaw

India’s electronics exports have surged to over USD 40 billion, an eight-fold increase in 11 years, while domestic production has grown six-fold, Union Minister Ashwini Vaishnaw announced at IIT Hyderabad’s 14th Convocation on Saturday. The minister credited Prime Minister Narendra Modi’s vision for this “phenomenal pace of growth,” noting a double-digit compound annual growth rate (CAGR) that outpaces many global economies.

Vaishnaw highlighted India’s technological strides, including the design of a 4G telecom stack in just three and a half years, now deployed across 90,000 telecom towers—surpassing the networks of many countries. He also revealed that India’s first commercial-scale Made in India semiconductor chip will be manufactured by September-October 2025, with six fabrication plants under construction, including Tata Electronics’ Dholera facility in Gujarat, set to produce 50,000 wafers monthly for automotive, telecom, and AI sectors.

The minister emphasized India’s ambition to rank among the top five semiconductor nations within years, driven by the India Semiconductor Mission (ISM), launched in 2021 with a ₹76,000 crore budget. Additionally, he updated on the Mumbai-Ahmedabad bullet train project, targeting operations by August-September 2027, with 154 km of pillars already in place.

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Vaishnaw also noted the India AI Mission’s progress, training one million people and providing free datasets to bolster innovation. With electronics exports projected to hit USD 61 billion by 2030, India is cementing its role as a global tech hub.

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